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“Our ongoing financial turmoil began in the mortgage market. Real-estate loans at commercial banks grew at a remarkable 12.26 percent compound annual rate over the four-year period from the midpoint of 2003 to the midpoint of 2007.[1] The expanded volu …
READ MORE“The Monetary Theory” Chapter 3 of: Economics as a Coordination Problem: The Contributions of Friedrich A. Hayek Gerald P. O’Driscoll, Jr. Kansas City: Sheed Andrews and MkMeel Inc., 1977.
READ MORE“Monetary Nationalism Reconsidered” from Money and the Nation State by Lawrence H. White The Independent Institute
READ MORE“Rational Expectations, Politics and Stagflation” Gerald P. O’Driscoll, Jr. Chapter 7 of: Time, Uncertainty and Disequilibrium: Exploration of Austrian Themes ed. Mario Rizzo Lexington, MA: Lexington Books, 1979.
READ MOREInterest on the Debt Will Make Things Interesting The San Francisco Examiner Ralph Benko
READ MORE“Washington Is Quietly Repudiating Its Debts” Gerald P. O’Driscoll, Jr. The Wall Street Journal, August 22, 2008.
READ MOREEconomic Liberty Lecture Series: Steve Horwitz from The Future of Freedom Foundation on Vimeo. Professor Steve Horwitz, Charles A. Dana Professor of Economics at St. Lawrence University, gave a talk entitled, “Do We Really Need a Central Bank?,” during …
READ MORE“Asset Bubbles and Their Consequences” Gerald P. O’Driscoll, Jr. Cato Institute Briefing Papers, May 17, 2008. Via the Cato Institute
READ MORE“Supbrime Monetary Policy” Gerald P. O’Driscoll, Jr. The Freeman: Ideas on Liberty, November 2007 Via the Cato Institute
READ MOREThis essay challenges the conventional wisdom about money and monetary policy. The role of money in fostering prosperity is a function of the quality, as well as the quantity, of money. Inflation always harms the performance of an economy. Deflations c …
READ MORETwo Philosophies of Money: The Conflict of Trust and Authority S. Herbert Frankel New York: St. Martin’s Press/Basil Blackwell, 1977.
READ MORE“In the present century centralised banking systems have come to be regarded as the usual concomitant, if not one of the conditions of the attainment of an advanced stage of economic development. The belief in the desirability of central bank organisat …
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